Shell plc (NYSE:SHEL) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its position in Shell plc (NYSE:SHEL) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,139 shares of the energy company’s stock after purchasing an additional 948 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Shell were worth $1,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the period. Jennison Associates LLC increased its stake in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after acquiring an additional 1,967,672 shares during the period. Holocene Advisors LP raised its holdings in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in Shell during the 3rd quarter valued at $37,274,000. Finally, Fisher Asset Management LLC increased its position in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after purchasing an additional 507,311 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $67.40 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm’s 50-day moving average is $64.33 and its 200-day moving average is $67.03. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market cap of $206.06 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 54.78%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.